RJRGLEANER Communications Group and 1834 Investments Limited have received the green light to merge, with the Supreme Court sanctioning the scheme of arrangement for the companies.
On August 10 2022, the shareholders of 1834 Investments agreed to a proposal to merge with the RJRGLEANER Group.
RJRGLEANER says the Court Order should soon be filed, and when it becomes effective, all the assets and liabilities of 1834 will be assumed by RJRGLEANER.
Shareholders in 1834 who elected to receive shares in RJRGLEANER as consideration, will have these issued within seven days of the court order being filed.
Those who opted for a cash consideration, will receive payment within 14 days of the filing.
The merger will bring some $1.5 billion in cash and assets into the RJRGLEANER Communications Group.
This is capital the company plans to use for various projects, including funding aspects of the digital switch over.
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